<ARTICLE> 5 <RESTATED> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 9,132 <SECURITIES> 0 <RECEIVABLES> 150,992 <ALLOWANCES> 7,689 <INVENTORY> 198,273 <CURRENT-ASSETS> 399,360 <PP&E> 1,411,275 <DEPRECIATION> 621,098 <TOTAL-ASSETS> 1,559,623 <CURRENT-LIABILITIES> 731,316 <BONDS> 453,106 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 4,148 <OTHER-SE> 252,232 <TOTAL-LIABILITY-AND-EQUITY> 1,559,623 <SALES> 1,982,148 <TOTAL-REVENUES> 2,013,160 <CGS> 1,519,155 <TOTAL-COSTS> 1,519,155 <OTHER-EXPENSES> 76,446 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 61,780 <INCOME-PRETAX> 5,656 <INCOME-TAX> 6,245 <INCOME-CONTINUING> (589) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (589) <EPS-PRIMARY> 0.00<F1> <EPS-DILUTED> 0.00<F1> <FN> <F1>Earnings per share have been omitted from the combined statement of income because Pennzoil Products Group consists of wholly owned subsidiaries of Pennzoil and is not a separate legal entity. </FN>